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California Expects IPO Tax Windfall

PYMNTS

California is gearing up to get a tax windfall from all the initial public offerings of California companies slated for this year. According to a report in The Wall Street Journal , close to 10 percent of the tax revenue for the state in the coming fiscal year will come from capital gains. billion in tax revenue.

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Bitcoin Daily: S. Korea Eyes Crypto Capital Gains Tax; Crypto Lawyers See Rise In Demand

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South Korean crypto users might soon see 20 percent taxes on their currency, according to Cointelgraph. ” But Sung Tae-yoon , an economist with Yonsei University, warned that taxing cryptocurrencies could slow the country’s tech markets. And, the U.S.

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California Moves Forward On Effort To Bank Marijuana Businesses

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California is pressing forward with efforts to provide legal banking services to marijuana businesses as cannabis companies struggle to get banked. Reports in The San Francisco Chronicle said California policymakers introduced a bill last Thursday (Jan.

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How Online Sales Tax Impacts Different eCommerce Models

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Since 1992, when eCommerce was still in its infancy, online retailers have not had to collect sales tax. States can now tax sales by companies that do not have a physical presence within the state. Will this increasingly regulated online sales tax environment affect this growth? Online Sales Tax and Marketplaces.

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California CPAs Call For Crypto Accounting Clarity

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Certified Professional Accountants (CPAs) in California are calling on an industry watchdog to clarify standards for cryptocurrency accounting, with expectations that corporations will increase their use of cryptocurrencies moving forward. Earlier this year EY launched a corporate cryptocurrency accounting and tax management solution.

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Employee Or Contractor? California Freight Enters The Worker Classification Debate

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It’s a debate with significant implications for lawmakers in areas like minimum wage and tax policy. Labor Department classified these gig workers not as employees, but as contractors, in a case that enabled an unnamed company hiring these gig workers to not have to pay federal minimum wage, overtime or Social Security taxes.

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Colorado’s Marijuana Industry Tops $6B

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In addition, taxes generated by the industry grew by nearly 8 percent last year. And the state’s marijuana taxes, including licenses and fees from dispensaries, were more than $266.5 To date, marijuana tax, license and fee revenue totals for Colorado are over $927 million. billion the previous year.

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